㈠ 宸磋彶鐗規姇璧勭殑涓鍥借偂紲
宸磋彶鐗規姇璧勭殑涓鍥借偂紲ㄥ寘鎷姣斾簹榪鍜屼腑鍥界煶娌廣
宸磋彶鐗規棗涓嬬殑浼鍏嬪笇灝斅峰搱鎾掗煢鍏鍙告浘瀵規瘮浜氳開榪涜岃繃閲嶄粨鎶曡祫銆傛瘮浜氳開鏄涓鍥界殑鏂拌兘婧愭苯杞﹂嗗艱咃紝鍏朵笟鍔¤寖鍥存兜鐩栨苯杞︺佺數奼犮佺數瀛愯懼囩瓑澶氫釜棰嗗煙銆備集鍏嬪笇灝斅峰搱鎾掗煢鍏鍙擱氳繃瀵規瘮浜氳開鐨勬姇璧勶紝鍒嗕韓浜嗕腑鍥芥柊鑳芥簮奼借濺甯傚満澧為暱鐨勭孩鍒┿傛ゅ栵紝浼鍏嬪笇灝斅峰搱鎾掗煢鍏鍙歌繕鎶曡祫浜嗕腑鍥界煶娌圭瓑涓鍥介噸瑕佺殑鑳芥簮浼佷笟銆備腑鍥界煶娌規槸涓鍥芥渶澶х殑鐭蟲補鍜屽ぉ鐒舵皵鐢熶駭鍟嗕箣涓錛屽逛簬鍏ㄧ悆鑳芥簮甯傚満鍏鋒湁閲嶈佺殑褰卞搷鍔涖傚反鑿茬壒鐨勬姇璧勪綋鐜頒簡瀵逛腑鍥界粡嫻庨暱鏈熷為暱鐨勪俊蹇冿紝騫朵笓娉ㄤ簬鎶曡祫鍏鋒湁鍙戝睍娼滃姏鐨勮屼笟鍜岄嗗啗浼佷笟銆傝繖浜涙姇璧勫喅絳栨槸宸磋彶鐗規繁鎬濈啛鉶戠殑緇撴灉錛屼綋鐜頒簡浠栧瑰競鍦鴻秼鍔垮拰浼佷笟浠峰肩殑鐙鍒拌佽В銆傝繖浜涙姇璧勪負浠栧甫鏉ヤ簡涓板帤鐨勫洖鎶ワ紝璇佹槑浜嗗叾闀挎湡浠峰兼姇璧勭殑絳栫暐鐨勬垚鍔熴
㈡ 宸磋彶鐗規姇璧勭殑涓鍥借偂紲ㄦ湁鍝浜
1銆佷腑鍥界煶娌癸細宸磋彶鐗瑰湪2002騫磋嚦2003騫存湡闂磋喘涔頒簡1.3%鐨勪腑鍥界煶娌規腐鑲★紝鎴愪負絎浜屽ぇ鑲′笢錛屽苟鍦2007騫翠互40浜跨編鍏冪殑浠鋒牸鍑哄敭錛屽疄鐜頒簡700%鐨勮秴棰濇敹鐩娿
2銆佹瘮浜氳開錛氬反鑿茬壒鍦2008騫翠互姣忚偂綰8娓鍏冪殑浠鋒牸璐涔頒簡2.25浜胯偂姣斾簹榪狧鑲★紝鎬昏楄祫18浜挎腐鍏冿紝騫跺湪闅忓悗鐨勫嶮鍑犲勾涓鎸佺畫鎸佹湁錛屾瘮浜氳開鐨勫競鍊煎凡榪60浜跨編鍏冿紝鍗犱集鍏嬪笇灝旂殑鑲℃湰姣斾緥涓8.2%錛屼環鍊間笂娑ㄤ簡榪25鍊嶃
3銆佷腑鐭蟲補錛氬反鑿茬壒鍦2003騫翠互姣忚偂1.6娓鍏冧拱鍏ヤ腑鍥界煶娌笻鑲★紝鏈緇堟寔鏈23.4浜胯偂錛屾垚涓虹浜屽ぇ鑲′笢錛屽叡璁¤姳璐4.88浜跨編鍏冦
4銆佽タ鏂圭煶娌癸細宸磋彶鐗瑰湪2023騫村炴寔浜嗚タ鏂圭煶娌瑰叕鍙哥殑鑲＄エ錛屽苟緇х畫鍔犱粨銆
5銆佸悍鑿茬煶娌癸細宸磋彶鐗瑰湪浣庢補浠鋒椂涔板叆搴瘋彶鐭蟲補錛屽苟鍦ㄦ姇璧勫悍鑿茬煶娌規椂涓ゅ害鈥滃け鍒┾濄
6銆佽彶鍒╂櫘66錛氬反鑿茬壒鍦ㄤ綆娌逛環鏃朵拱鍏ヨ彶鍒╂櫘66錛屽苟鍦ㄦ姇璧勫悍鑿茬煶娌規椂涓ゅ害鈥滃け鍒┾濄
㈢ 榪欎袱騫村反鑿茬壒鎶曡祫浜嗕腑鍥界殑閭ｄ簺鑲＄エ錛
1銆佷腑鐭蟲補銆
2銆佹瘮浜氳開銆
3銆佹埧鍦扮編銆
4銆佷集鍏嬪笇灝斿搱鎾掗煢鍏鍙搞
5銆佸瘜鍥介摱琛屻
娌冧雞路宸磋彶鐗癸紙Warren Buffett錛1930騫8鏈30鏃モ ) 錛屽叏鐞冭憲鍚嶇殑鎶曡祫鍟嗭紝鐢熶簬緹庡浗鍐呭竷鎷夋柉鍔犲窞鐨勫ゥ椹鍝堝競銆備粠浜嬭偂紲ㄣ佺數瀛愮幇璐с佸熀閲戣屼笟銆
鍦2008騫寸殑銆婄忓竷鏂銆嬫帓琛屾滀笂璐㈠瘜瓚呰繃姣斿皵鐩栬尐錛屾垚涓轟笘鐣岄栧瘜銆傚湪絎鍗佷竴灞婃厛鍠勫嫙鎹愪腑錛屽反鑿茬壒鐨勫崍槨愭媿鍗栧埌263涓囩編鍏冦
2010騫7鏈堬紝娌冧雞路宸磋彶鐗瑰啀嬈″悜5瀹舵厛鍠勬満鏋勬崘璧犺偂紲錛屼緷褰撳墠甯傚艱＄畻鐩稿綋浜193浜跨編鍏冦傝繖鏄宸磋彶鐗2006騫村紑濮嬫崘鍑99%璧勪駭浠ユ潵錛岄噾棰濈涓夐珮鐨勬崘嬈俱
2011騫12鏈堬紝宸磋彶鐗瑰ｅ竷錛屼粬鐨勫効瀛愰湇鍗庡痙浼氬湪浼鍏嬪笇灝斿搱鎾掗煢鍏鍙鎬腑鎵婕旂戶鎵誇漢鐨勮掕壊銆
2012騫4鏈堬紝鎮ｅ墠鍒楄吅鐥咃紝灝氭湭濞佽儊鐢熷懡銆
2013騫寸忓竷鏂璐㈠瘜姒滀互530浜跨編鍏冩帓鍚嶇鍥涗綅銆
2015騫3鏈2鏃ワ紝紱忓竷鏂鍙戝竷2015鍏ㄧ悆瀵岃豹姒溿
鍏朵腑錛屾帓鍚嶅墠涓夌殑鍒嗗埆涓烘瘮灝旂洊鑼ㄣ佸崱媧涙柉路鏂鍒╁嗐佹矁浼β峰反鑿茬壒錛岃儲瀵屾暟鍒嗗埆涓792浜跨編鍏冦771浜跨編鍏冧笌727浜跨編鍏冦
2015騫7鏈堜腑鏃鑷8鏈堝簳錛屽反鑿茬壒鎵鎺岀＄殑浼鍏嬪笇灝斿搱鎾掗煢鍏鍙稿湪鎶曡祫鑲″競鏂歸潰宸茬粡鑷沖皯璐﹂潰浜忔崯浜112浜跨編鍏冦傜浉褰撲簬浼鍏嬪笇灝斿搱鎾掗煢甯傚肩緝姘翠簡103%銆
2015騫寸編鍥藉綋鍦版椂闂9鏈29鏃ワ紝銆婄忓竷鏂銆嬪彂甯冪編鍥藉瘜璞400寮烘滃崟鏄劇ず錛屽嚟鍊620浜跨編鍏冭儲瀵屾帓鍚嶇編鍥藉瘜璞絎浜屽悕錛岃繖涔熸槸娌冧雞路宸磋彶鐗硅嚜2001騫翠互鏉ョ殑涓璐鎺掑悕銆
㈣ 宸磋彶鐗逛拱浜嗕腑鍥藉摢浜涜偂紲
宸磋彶鐗逛拱鐨勪腑鍥借偂紲ㄤ竴瑙堣〃鍖呮嫭錛氭瘮浜氳開銆佷腑鍥界數鍔涖佷腑鍥介摱琛屻佷腑鍥藉緩絳戙佷腑鍥界煶娌瑰拰涓鍥芥湇瑁呰偂浠姐傚反鑿茬壒鍦ㄤ腑鍥藉競鍦虹殑鎶曡祫錛屼竴鏂歸潰灞曠ず浜嗗逛腑鍥界粡嫻庣殑淇″績錛屽彟涓鏂歸潰涔熶負涓鍥戒紒涓氭彁渚涗簡璧勯噾鏀鎸佸拰鍥介檯璁ゅ彲錛岃繖浜涘叕鍙哥殑鑲＄エ涔熷洜姝ゅ彈鍒頒簡甯傚満鐨勭灘鐩鍜屽叧娉ㄣ傛矁浼﹀反鑿茬壒鏄涓浣嶆澃鍑虹殑鎶曡祫瀹躲佷紒涓氬跺拰鎱堝杽瀹訛紝涓鐢熷厖婊′簡浼犲囪壊褰╋紝宸磋彶鐗1930騫8鏈30鏃ュ嚭鐢熶簬緹庡浗鍐呭竷鎷夋柉鍔犲窞鐨勫ゥ椹鍝堝競錛屽苟鍦ㄩ偅閲屽紑濮嬩簡鎶曡祫鐢熸動錛屽洜鍦ㄦ姇璧勯嗗煙鐨勫崜瓚婃垚灝辮岃瑾変負鈥滆偂紲炩濓紝鍚屾椂涔熻灝婄О涓衡滃ゥ椹鍝堢殑鍏堢煡鈥濆拰鈥滃ゥ椹鍝堢殑鍦ｈ搐鈥濄